The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year
Sale of Aviation Turbine Fuel (ATF) rose 3.8 per cent in July from a month earlier but is down 65 per cent from the July of 2019
Prices of petrol have remained static at Rs 80.43 per litre for almost four weeks. Petrol rates were last changed on June 29.
Petrol price in Delhi was hiked to Rs 79.56 per litre from Rs 79.23 while diesel rates were increased to Rs 78.55 a litre from Rs 78.27
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT
He used a graph to show that prices of fuel prices were low in 2014 under UPA despite high crude cost globally, but the NDA govt raised excise duty on petrol by 259% and on diesel by 820%
AIMTC said Covid-19 and the lockdown have hit the transport sector adversely, and exerting acute pressure on the sector.
Both Kolkata and Mumbai saw an increase of Rs 1.01 each on petrol to Re 1 each on diesel. However, prices in Delhi remained unchanged
Petrol costs Rs 69.59 per litre in New Delhi, Rs 72.29 in Kolkata, while in Mumbai, the petrol is priced at Rs 75.30.
Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.
Petrol in Delhi now costs Rs 69.75 per litre, while diesel is priced at Rs 62.44, according to a price notification of state-owned oil firms
India depends on Saudi Arabia for a fifth of its oil imports and has been in constant touch with Kingdom officials on securing its supplies
Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre each to raise over Rs 28,000 crore
Petrol, diesel price see marginal hike